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Business & farm
Thank you for your response! Our start-up cost was very immaterial and I was reading that we could deduct organizational costs in the year when the business was actually operational so we were planning on only filing for 2022.
For filing 8832 this year, it sounds like I need to do send it with my personal tax return but if I do it by the April 15th deadline, I would be outside the 75 days window. I guess I technically only have a few days left of the 75 days window so I probably will have to explain the late election anyways?
March 13, 2022
1:53 PM